Managers
Advent France Biotechnology (AFB), an AMF-regulated investment company dedicated to life sciences, is changing its company name to AdBio partners.
The name change reflects the company’s expansion beyond France with UK-based partner Advent Life Sciences.
AdBio Partners held the first close of its second fund at EUR86 million (USD102 million) in September 2021. This fund will be used to create, develop and finance European life sciences start-ups, with the goal of selecting and financing two before the end of 2021. second fund is larger than the first seed fund launched in 2017, which closed at EUR68 million.
Active Partners has invested GBP10 million in a Series A funding round for Facetheory, a direct-to-consumer clean skincare brand based in South Yorkshire.
The investment will be used to fuel growth in key markets, recruit best-in-class talent, and invest in product research and development. The investment team at Active Partners was led by Jason Mahendran and Janice Cargo, who will also be joining the Facetheory board.
UK based FinTech group, SPG, the owner and operator of Shieldpay and Paycast, has raised USD34 million (GBP25 million pounds) in a Series A round that includes strategic funding from Mastercard and Marqeta.
Other significant Investors in SPG include Elliott Management, CreditEase and Techstars.
To date SPG has processed over USD3 billion dollars of payments for its clients and experienced a surge in business during the pandemic that saw revenues grow by over 360 per cent in the last year.
Red Arts Capital (Red Arts), a middle-market, sector-focused private equity investment firm, has sold RAC MME Holdings, LLC to Knight-Swift Transportation Holdings, Inc for USD150 million in cash.
Red Arts Capital partnered with Prudential Capital Partners, Brightwood Capital Advisors, LLC and several family offices in 2019 to acquire MME, Inc from the Roswick and Greenstein families, who founded the Company in North Dakota in 1918. Legacy family ownership moved outside to elect Marlin Kling to his current leadership role as President in 2006, and he remained in his role after the Red Arts-led acquisition.
PineBridge Investments has held the final close of the PineBridge Preferred Participation Fund, with USD334.3 million in capital commitments.
The multi-manager private equity fund focuses exclusively on partnering with managers who are raising capital for their initial commingled institutional private equity funds.
Through the Preferred Participation strategy, PineBridge investors aim to deploy capital into high performing yet under-allocated segments of the private markets, enabling investors to diversify their private markets portfolios.
MTIP, a Swiss healthtech focused private equity firm, has closed its MTIP Fund II at USD250 million in capital commitments.
The oversubscribed fund, which closed above its target of USD225 million, continues its predecessor fund’s strategy of investing in growing and innovative healthtech companies primarily across Europe.
Molten Ventures has led a USD10.8 million seed funding round in agtech startup Gardin. The investment follows a USD1.2 million pre-seed round in January 2021.
Formerly Draper Esprit, Molten Ventures was first introduced to Gardin through its Fund of Funds seed programme. Also participating in the round is LDV Capital, MMC Ventures and Seedcamp
Funds affiliated with Lightyear Capital (Lightyear), a New York-based private equity firm focused on financial services, have led a recapitalisation of PracticeTek, a provider of vertical software and payments solutions to the retail healthcare market.
Lightyear joins Greater Sum Ventures (GSV), an entrepreneurial family office, in the investment. Terms of the transaction have not been disclosed.
Lightrock and affiliates of DH Capital have co-led a USD100 million Series C funding round in software company Liqid, a specialist in composable software and solutions aimed at providing cloud-like speed, flexibility, and higher efficiency from data centre.
Current investors Panorama Point Partners and Iron Gate Capital also participated.
JPIN Venture Catalysts Ltd (JPIN) has made a strategic investment in The Social Loan Company (TSLC), an AI-driven FinTech, providing bespoke financial products and services.
JPIN is working alongside Rothschild & Co in a recently launched Series B funding round of USD200 million-plus for TSLC, which is seeing significant interest from global institutional investors. This announcement comes after JPIN recently participated in a USD25 million round for TSLC alongside other investors in a consortium led by ADGM-domiciled ARV Investments.
A select set of JPIN’s LPs/global family offices within their proprietary network have also participated along with JPIN in this round.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
